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PBS
Feb 21, 2013 4:00pm PST
to come, trying to get the japanese economy back into high gear. work the financial formula for others, too? has erupted in france after an american businessman launched an attack on the country's work ethic. on this political firestorm. >> american plane talking does not get much clearer. wantasked what he did not to take over the local beer factory, he gave this straight. >> the french work force only works three hours for higher wages, with one of our breaks and they talked for three hours, and later, he is going to buy chinese entire company to pay less than one the euro per tiresto switch all of the of france needs. the staff was annoyed. >> these people should be affected, -- should be -- they come in every day at 4:00 in the morning. >> even more annoyed was the person who received the letter, the french economic director. he wrote, you show your ignorance to the country, talking about the 40,000 public companies working on this soil. all of these businesses appreciate the quality of the french workers. this upset about the caricature of french tokers, but the offer payless is i
LINKTV
Feb 22, 2013 3:00pm PST
. they are studying the evolution of specialization as they uncover details of ancient economies around the world. in the maya city of copan, a jeweler fashioned rare shell and jade for his powerful lord. in mexico, living artisans echo the economy of a vanished civilization. and in teotihuacan, evidence of mass production has now been unearthed. tiny faces of clay reflect the men and women who made them a thousand years ago. on the other side of the world, in the ancient roman city of ostia, huge merchant ships were part of an economy much like our own. and today, the tanners of morocco still practice their ancient craft, living proof that economies have evolved out of the past. everyone who has ever lived has been part of an economic system. iel bote grande...mil pesos! economic systems are simply the ways people produce, distribute and consume things -- everything and anything, from tortillas to stocks and bonds. for 10,000, 10,000 an eighth. today, as in the past, economic systems lie at the heart of how a society is organized. archaeologists search for these systems because they believe econ
WETA
Feb 22, 2013 6:30pm EST
cuts. does the economy have enough kick in it to withstand the sequester? and a big win for activist investor david einhorn in his fight to get apple to share the wealth, with its shareholders. that and more tonight on "n.b.r."! if you get a paycheck, no doubt you have seen it shrink this year. higher payroll taxes have taken 2% out of working americans take home pay. at the same time, gasoline prices have been rising and fast. together, this cuts into the spending power of consumers, and that's bad news for a host of companies, from restaurants to retailers. erika miller reports on how some of these firms are trying to fight back against the pay pinch. >> reporter: virtually every worker in america is taking home 2% less in pay this year because of higher payroll taxes. that's not just bad for consumers, it's also bad for businesses. three out of four households are cutting spending to cope with lower pay. for one out of three households, it means eating out less. consumers are also changing where they dine. >> we are moving from casual dining, down to fast casual, down to the fast
CNBC
Feb 21, 2013 7:00pm EST
is not falling. the lower spending and limited government sequester will help grow the economy not harm it. and guess what today? president obama actually dialed up republican leaders john boehner and mitch mcconnell to talk about the sequester. this is good. it's called communication. we'll have a full report coming up from our man in washington robert costa. remember how we told the other night about how federal workers are still getting pay raises despite a so-called pay freeze? it turns out federal worker pensions are facing huge unfunded liabilities that could bankrupt them and force a new taxpayer bailout. but on the whole, folks, have no fear, america. help is on the way. this is "the kudlow report" and it starts right now. >>> all right. first up tonight the sky is not falling. even the president's own press secretary backed up president obama's sequester threat of mass layoffs. take a listen to jay carney. >> we agree with the consensus estimates here again from private outside economic firms from the congressional budget office that say we would lose, the country would lose up to
KCSMMHZ
Feb 22, 2013 2:30pm PST
to shrink in the countries which use the common currency. >> as economies weaken further in many eu nations, millions of people are expected to lose jobs at a time when there's already record unemployment in europe. >> the european commission' says signs of europe's economy is bottoming out. >> sons this year is that there will be zero growth in the european union. ben and the dismal picture is having a negative impact on government finances. many european countries are likely to have higher deficits this year than had been expected. that applies to france, the u.'s second-biggest economy. new borrowing is expected to be well over the target of 3% of gdp. the ecb says france must get its deficit down. >> i believe it is in france's interest to stick to the target of a balanced budget in the medium term. only if the budget is balanced is there any room for maneuver during an economic downturn. >> de e you expect france to see growth this year of just the 0.1%. like the eu as a whole, it is not expected to see growth above 1% until 2014. >> despite all the bad news from the eurozone, german b
FOX Business
Feb 22, 2013 5:00pm EST
that just for day-to-day living seems to me this is a bad sign. >> sure. it's a sign that the economy is still weak and that any policies that take money out of the hands of the middle class and that lee deuce their disposable income is going to have a negative impact on the economy, and it comes as an opportune time for policymakers in washington as they contemplate the sequester cuts which currently constituted hits the middle class hard, further weakens the economy. it's the wrong thing to do right now. what we should do is alternate ways. adam: alternate, i got to ask you, it's a perfect storm of bad news. about to cut, the sequester cuts in government spending, people lose jobs, less money out there. they can't cut taxes again or can they and should they? >> what we need to do right now is think about alternatives to the sequester cuts and the solution, i think, is for republicans in congress to recognize that tax breaks and other spending programs in the tax code are the equivalent of government spending program, and if they encyst on cutting government and reducing the size of
WHUT
Feb 22, 2013 7:00am EST
investments. >> your personal economy is made up of the things that matter most, including your career. and as those things change, fidelity can help you readjust your retirement plan. rethink how you're invested and refocus as your career moves forward. wherever you are today, a fidelity i.r.a. has a wide range of investment choices that can fit your personal economy. fidelity investments, turn ere. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. hat can we do for you? > and now, bbc world news. >> hello and welcome to "g.m.t." on "bbc world news." i'm stephen sackur. our top stories -- jail or bail. south africa's paralympic star, oscar pistorius, is about to find out whether he'll be in prison before facing trial for murder. after four days of emotional courtroom argument, it's a question which could divide south africans. what is fair treatment for oscar pistorius? italy prepares to vo
FOX News
Feb 22, 2013 10:00am PST
on republicans warning that our economy, jobs, lives, could be in danger, if these scheduled cuts across the board go through. but the latest numbers show if the automatic reductions take place, there will be 85 billion dollars in cuts this year. that's equal to what the government spends in nine days. even if it happens, the government is projected more than last year, so he you see, we're talking about a decrease in the increase in spending and you may be asking yourself how can we survive and live on, with just the paltry amount of spending? well, where would we look for the example? how about last year when we did it just fine? all this leading to questions about how the fallout could be so dramatic. so dire, so awful. when the total federal budget is actually increasing. chris stirewalt is our national digital news editor. how can we do it? where can we find the historical example of the surviving on a budget that's cut in this manner. oh, last year. i mean, what's the answer to that. why are the politicians, you know, chicken littling us? >> well, remember this, if there , if there
WETA
Feb 22, 2013 6:00pm EST
. and fidelity investments. >> your personal economy is made up of the things that matter most, including your career. and as those things change, fidelity can help you readjust your retirement plan, rethink how you are invested, and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices that can fit your personal economy. fidelity investments, turn here. >> at union bank, our relationship managers work hard to know your business. offering specialized solutions in capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do fou>> and now "bs america." >> reporting from washington. bail.pistorius is granted the magistrate complaints the case has become a spectacle. disspirited italians go to the polls wondering if anyone can fix their country's economic problems. from the streets to the red carpet of hollywood, we followed two boys as they take a long journey in search of oscar gold. welcome to our viewers on public television in america and arou
CNBC
Feb 22, 2013 6:00am EST
about. number one, is it because the economy is better or are they worried about creating an effect. the other thing is, were they trying to make credit so available that they risk ed -- remember they said that yesterday. they were trying to move it out the curve. >> and they were trying to -- >> but then people like santelli would say it they didn't realize what the possible outcome could be. >> ahead of this appearance, i would like to think about the downplays a minute. >> right. and in this latest fed, which is very transparent, a lot of times they've made some moves like this that are talked about and conjectured and all of a sudden they're available to come on. >> i bet he's one of the guys in the room who was making a big stink about where things are headed. >> the other thing that i wonder, given that everybody knows -- >> i think he's been concerned for a while. >> but given that there are minutes and everyone knows there are minutes being taken, i think if you are a hawk in all this, you show up in the meeting and you are as loud and as prod as humanly possible to get your
FOX Business
Feb 22, 2013 1:00pm EST
trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >> at 20 minutes past the hour, i have your fox news minute. a south african judge has allowed oscar pistorious to go free on $113,000 bail. the track star is charged with the murder of his girlfriend on valentine's day. oscar pistorious says he shot the model accident late thinking she was a intruder in his house. prosecutors say it was premeditated murder. a fire department official says only the flight team was on board the chopper when it went down. it was heading to pick up a patient 70 miles away. cuban president has raised the possibility of retiring, but did not say when he may make that decision. the 82-year-old leader made the comment in savanna. those are your headlines on the fox business network. back to ashley. ashley: all right. thank you very much. shibani: representatives from boeing meeting with the faa today. solutions for the battery fires that have grounded the 7873 minor. peter barnes is in washington. peter: top boeing executives are expected to propose a new design for
FOX Business
Feb 21, 2013 7:00pm EST
the sequestered because it is a wholly unnecessary will run the economy if it were to take place. >> except there were others in the president's party like former democratic national committee chairman howard dean suggesting the president should let the sequester happen to slice the pentagon's budget. telling the huffington post, i am in favor of the sequestered. it is tough on things that i care about a lot, but the fact of the matter is, you are not going to get another chance to cut the defense budget in the way that it needs to be cut. white house officials disagree. as does the outgoing defense secretary leon panetta warned such deep cuts could leave america with as second-rate military. lou: you will remember republicans were furious before the election and the white house was not complying with the warrant act which is a law that basically says employers need to warn employees about upcoming furloughs. the white house pushed back on all of that. now they are releasing those for loan notices. remember, people the 30-60 days in some cases on notices, which means these furloughs will ta
Comedy Central
Feb 21, 2013 11:00pm PST
universe. there are two economies in this country. there's the economies of all of us and the island, health care economy. we've had a pretty rough time over the last four or fives, six years in our economy. there's a lot of unemployment, a lot of pressure on us. not on that island. everybody just keeps making more money. >> jon: right. >> it's as if they don't exist in the universe and worst of all, the money they are making they are taking from all of us and bankrupting the country and it's bankrupting people. 60% of the personal bankruptcies in this country come from medical bills. >> jon: what is crazy to me is when you begin to tease it apart. when you begin to deconstruct it, it's made of sand. as i'm reading it's 36 pages. as you get higher and higher in the pages you feel like chuck yaeger breaking the sound barrier. i was like oh, my god. by page ten i was like i can't take it anymore. there's something -- you cannot believe this. there's something called the charge master. >> right. >> jon: and the charge master sets the price. so if you want an mri that's $6,000 according
Current
Feb 21, 2013 5:00pm PST
entire economy to do so. joining me now is robert borosage, a contributing editor of the nation and codirector of the campaign for america's future. what a pleasure to have you on the show. welcome to "viewpoint." >> delighted to be with you. >> john: let's start with this, congress as we know is currently on vacation, again. have both sides sir resigned themselves or some last-minute deal to kick the can further down the road? >> i think you're going to see a lot of last-minute maneuvering and press release and press conferences but it looks pretty much like this sequester is going to take place. >> john: if the pew poll we just mentioned 76% say the president's combination of spending cuts and tax increases is the right approach versus 19% that want only spending cuts. so is it safe to say that no longer -- it doesn't really matter what the people really want? is it just about who can spin, sell their message better come election time next year? >> well, yes and it is perverse. republicans in some ways have a stake in a bad economy in 2014, they'll do better. voters tend to bl
CNBC
Feb 22, 2013 4:00pm EST
the united states and greece. first, we're a huge diversified economy, not a little country dependant on tourism. secondly, people in the u.s. pay their taxes, you know. greece had a deficit of about 7% of gdp. that would be over $1 trillion a year in the united states before the collapse. we have a very different story. the third is a huge difference. we have our own currency. greece is like arkansas. the reason why its interest rates went through the roof. everyone thought that. >> i think the point he was trying to make in that that if we don't do something about this the market will figure out that we have a credit problem in the country. >> the markets are smarter than that. >> when you normalize interest rates, right now they are really manipulated, if you normalize interest rates, you're talking about $500 billion going out the door every year just on interest expen expense. that's just paying the interest on the debt. you think that's sustainable? >> that's a lower interest expense than what we had relative to our economy in the early '90s. we could live with that. we lived wi
SFGTV
Feb 21, 2013 9:30pm PST
to the supply and demand side. the demand suicides has come up from the economy improving. and some tenants have been displaced who have taken up other places there's not layoff a lot on the port to lease. i should say those vacancy rates don't include the buildings we're in today or the vacant land. the other indicator we use is the annual revenues that has been hoover over 4 percent. the bigger story is we've got one account that repeals half of the out standing amount and once we're able to resolve that the delinquent rate will drop. now predictably we lost money in the industrial space storage facilities and parking lot this was due to the america's cup project as well as the displacement where the crews ship term is being built. we need the city to rehe bureaus us dues to some complications has not generated revenue for us however, we're expecting a revenue reimburse time. a lot of those costs have been offset by parking lot meter funds >> good afternoon commissioner this is marilyn i'm from the medical examiner division financial analysts. on the maritime does the revenue is up by 21.4 pe
FOX Business
Feb 22, 2013 11:00am EST
this is a more modest issue. we are putting a lot of fiscal drag. that is a lot of money for an economy only growing 2%. my concern is not a major selloff, but a growth disappointment in the first half. we are looking at a correction, should that happen. connell: we will have this debate and continue to have it. some people are saying that this of kuester is a really big deal. it is in a slow bleed. it is not as big of a deal. >> you cannot look at it in isolation. in total, again, it is not a game changer, but it will be a drag for the first part of the year. connell: pretty good acronym. thanks a lot. >> thank you, connell. dagen: gas prices at a record high for this time of year. we have the chief oil analyst for the oil price information service, tom kloza. you didn't really see this coming, did you? the run-up that we got so early in the year. >> i did not see it coming so early in the year. it is pretty typical of the run-up. there are a couple of extra things that are contributing this year. we have seen this movie before and we know how it ends. dagen: talk about the refineries in th
FOX News
Feb 22, 2013 3:00pm PST
humira, to help relieve your pain and stop further joint damage. >>> the overall effect on the economy is slow down the recovery. not only end up being direct job loss but because the economy is softer it means we won't be driving down unemployment as quickly as we should. >> are you willing to see a bunch of first responders lose their jobs? teachers laid off? air traffic controllers and airport security, hardship on a lot of people. seep yours, middle class families scram to believe find child care for their kids. bad idea. a bad idea. >> the sequester was the administration's idea. in they were president obama's idea. >> the so-called "sequester" was obama's idea in the first place. he signed it in to law. >> white house lemede recommendd this. >> bret: conservative group crossroad gps launched that ad today, that video. before that you saw the president at the white house. answering president at appearance with the japanese prime minister. bring in our panel. fredbars, "weekly standard." juan williams, columnist with the hill. syndicated columnist charles krauthammer. fred, where d
CSPAN
Feb 22, 2013 5:00pm EST
. agriculture is an important part of our economy and agriculture remains relatively strong in nebraska. for second and cattle, third-quarter production, sixth in soybean production in the second begin ethanol producer. however, farmers and ranchers have also faced the challenge of the drought this past year and they've managed their operations with the efficiency and flexibility. water resources who can give you to be a challenge for agriculture, businesses and communities due to the continuing drought. exports are important to nebraska on my summer that a trade mission to china. we can do need to expand and strengthen a relationship to china, just like canada, mexico, japan and many other countries. during the past few years, nebraska asked for to china have grown rapidly in china is no nebraska's fourth-largest trading partner. the nebraska china relationship is just beginning and i'm confident this will be a growing and improving relationship for many years to come. as we continue to make state government more efficient and accessible to citizens, how to recognize professionals thro
MSNBC
Feb 22, 2013 9:00am PST
, but will lowering tax rates create a stronger american middle class, a morrow bust economy? fans of history, facts, and economic data question the merits of trickle down economics. since ronald reagan took office, the government has eased the tax burden on the wealthiest americans. the result of three decades of tax cutting, according to a cbo report that republicans tried desperately to kill, "there is not conclusive evidence to substantiate a clear relationship between the 65-year steady reduction in the top tax rates and economic growth." so what is the legacy of the last three decades? staggering income disparity. the average household income has skyrocketed for the top 1% far outpacing the modest gains by the bottom 99%. in 2010 93% of income gains went to the top 1%. in 2011 the average .01%er made $23 million. that same year the average member of the bottom 90% made $30,000. according to the washington post given the gaping difference in income, it was hard to graph the disparity on the same chart. the past month and a half has shown just how vulnerable the middle and working class remain.
CNBC
Feb 22, 2013 4:00am EST
it's always relevant to economies in europe. they are facing an overshoot of the exchange rate, but it is too high for their purpose. that is going to bring the tension back into euro net. >> and speaking of italy, we79 to remind folks what else is coming up on today's program. the final countdown is under way for italy's election. we'll get a check on europe's growth process spengts for the eu forecast. we'll head live to brussels for a live press conference. in other news, boeing is set to unveil a plan to help its troubled dreamliner to take flight today. and we're rolling out the red carpet. we'll head to tinsel town to the biggest night in hollywood. find out which films are tipped to win big at this year's oscars. fears are mounting that an inconclusive election this weekend could undermine the euro and set back markets in italy. hans, as we edge closer to that event, polls open sunday and they close on monday. we've seen the two-day sell off. is it related to the outcome here? >> well, i think the italian election has had an impact on market performance for the past few
PBS
Feb 21, 2013 7:00pm PST
. ai joins us from the business desk. >> major economies embark on similarly bold monetary easing measures just as japan. it works to weaken all of their currencies as well. as for japan a report from the international monetary fund dismisses worries that japan's monetary easing could lead to a global currency war. the concerns are overstated. the report states the recent move in the currency market is correcting the excessively strong yen. it says recent market moves reflect the fundamentals of the global economy. imf officials point out that japan's trade deficit is growing and moves by traders to by the yen as a relatively safe currency has paused. these factors led to weaker yen. stronger monetary easing measures are needed. the report was issued at the g20 meeting that took place last weekend in moscow. >>> many participants at a recent trade policy meeting may also have backed japan's economic program, but some national delegates voiced concerns about the falling yen. japan's representatives faced a policy review at the world trade organization in geneva. wto members general
KICU
Feb 22, 2013 4:00am PST
of real threats to our security and our economy." the push for cyber security coincides with a report from computer security firm mandiant saying it exposed china's military directing cyber espionage of u.s. companies. the report said the chinese stole technology blueprints, proprietary manufacturing processes, partnership agreements, contact lists and more. "businesses need to be both aware of cyber security problems and to be proactive in adopting best practices to protect themselves and our economy." "their designs are taken. they may find them sold to chinese companies who eat into the market share of that company. overall, the u.s. economy can be hurt." the response from the white house: a series of executive orders to pursue, prosecute and punish the offenders, and a call for the private sector to share information - that last point a difficult one for companies trying to keep competitive advantage over one another. "they could be sued by business partners, employees and others if their proprietary information is shared under the guise of solving cyber security problems." some think
PBS
Feb 22, 2013 2:30pm PST
in the economy, make it a little bit liberalized from that perspective. there is one very important point. throughout their range, the castros have not allow anybody to come up to challenge the rule. there is not be right now that could step into that role. this period of transition will be very important. >> the only people around him are of similar age. octogenarians. if you are looking to the next generation, who would that be? >> that is a good question. perspective,ogical probably not. we're speculating, but part of that would be to ensure purity.call suggested they need to begin to lay the groundwork for that transition. they do not want the revolution to end when their lives to. >> what extent has delivered on that? what would change? >> there have been changes. economically, there have been changes. from my perspective, they have not been -- they have not been significant. if you replace castro with a younger generation, those changes might speed up. the u.s. relationship with cuba is codified in u.s. law. there would have to be some real changes on the island towards democracy fo
SFGTV2
Feb 21, 2013 11:00pm PST
colleague scott wiener for helping to showcase the importance of the other nine to five economy. the impact of all that you do has an impact on our job situation and local economy, and to highlight all of the great work that we can do together to ensure that the sectors that you all represent, the sectors that you work for, that you employ people for connaught is one of the greatest sectors in san francisco. i hope we will take the opportunity of the america's cup to showcase our clubs, our restaurants, our nightlife events. as someone who represents the broadaway neighborhood, an area of town that i used to spend a lot of time in when i was in my 20's -- but actually, very few locals take the time to head to the beach on broadway. our neighborhoods are coming together to say that broadway is open to the rest of the world as well as san francisco. i want to put san francisco back on the map when it comes to music. to make sure that we have the type of entertainment that we used to be renowned for. and those of you that work in our bars and clubs, i want to make sure that we are trading the
FOX Business
Feb 22, 2013 6:00pm EST
, i think the leverage that the debt of force china is greatly overstated because their economy is just as dependent on our's as ours is on them. gerri: we are there market for there goods. >> for one party or the other terrorist retaliation economically is a bag of the neighbor policy that i don't think -- gerri: there are still people that think the federal that is our biggest national security issues. tune out? >> i think it is a huge nestle security issue and would like nothing better than for china to say, we're not buying any more of your depth. might force the status of fiscal discipline. you cannot have a strong presence internationally, especially militarily without a strong economy. to the extent that the deficit each year adds to the debt and saps our domestic economy, thus preventing it from recovering, absolutely. gerri: you make a great point. we are looting this report which said that the chinese government is involved in acting and stealing ideas, stealing memos, stealing e-mails, stealing a permission from our federal government, and they even name the unit of t
CNBC
Feb 21, 2013 11:00pm EST
they turn on a dime? can the economy go from smoking hot to ice cold overnight? can we go from thinking we are working our way out of a long-term jam to game over? the buzzer, that's what was swirling through everybody's heads today. the market got whacked again. we did have a bit of a late-day comeback. the dow sank nearly 47 points. and don't forget, yesterday was the worst day of the s & p for the year. today, down another 1.04%. the speed with which things got negative is breathtaking, too breathtaking if you ask me. considering my "squawk on the street" partner, how do things flip so quickly? sequester, housing, to europe, all went from benign to pernicious in one week. is that possible? i think things got more mixed, less positive. mixed data doesn't jive with a market that was up 8%, where we were when things turned sour. it's not so negative that we should give up this year's gains. i said for many, too much negativity to handle without taking aggressive selling action. i get that. i don't dismiss anything as important as the huge downturn in commodities, the possible weaker auto a
FOX News
Feb 21, 2013 6:00pm PST
, ignores an economy that is struggling, remember, it contracted in the last quarter, and it's projected to contract some more in the first and second quarter, ignored 23 million people who are out of work, ignored the fact that unemployment rates are going to go up. ignored 86 trillion dollars in unfunded liabilities. i'm embarrassed about that because the people in office that could do something about it are not doing anything about it. >> herman cain. >> and don't attack rush limbaugh-- >> herman cain you're a successful businessman and you've just made a bottom line argument that i love. if you look back at the last quarter of last year, what do you see? the defense department pulled spending and what happens? the gdp, the economy slows down. now we're approaching a sequester and pull money helter skelter from every skek tore, what do you think it's going to do to our economy. >> juan, you're wrong. >> it's going to hurt america. >> juan, you're dead wrong. those weren't the factors that caused the economy to contract. >> that's what the economy said, herman. >> those are the wrong e
CSPAN
Feb 22, 2013 6:00am EST
misconception that he planned to run immediately afterwards. i think it's -- his assumption was that the economy continued to improve our would improve and i think running and losing in '08 was very liberating for him. and he found that he could be very happy. we kept talking around it, you know, we had a very busy, he wanted to talk about it. we had a very busy 2010 client schedule, in a very mitt romney way he said finally, well, on election day 2010, you can do anything for your clients, why don't we meet on election day 2010? i said, okay, i can do that. so my partner and i met him in boston at his condo on election day 2010. and that was a thing when i got a sense that he was really intending to run. it was serious before but i got the sense he definitely was going to run. >> david, covering the white house, i got the sense that you guys thought you were running against mitt romney. you always sort of viewed mitt romney as the face of the republican party. is that an unfair -- >> no. in fact, the president and i after the 2008 election, we were musing about the future, and he asked me who i
CSPAN
Feb 22, 2013 2:00pm EST
that will spur a new american economy that is focused again on making and innovating and growing and manufacturing and exporting. the long-term security and absolutely dependent on managing these risks we have identified today. it is that important for this country. you all can help. one man who understands this better than most is tom daschle. i can say a lot of things about tom daschle. i can talk about his military career in the air force. i can talk about his service in the house of representatives and his extraordinary leadership in the senate. the only person to serve as a majority and minority leader. i have said a lot about this man in terms of what his counterparts thought of him. i prefer to talk about tom daschle the father and grandfather. i think you can tell the measure of a man or a woman by the children. tom has got three great kids. i had the pleasure of knowing all of them. his daughter is an award- winning journalist. his son nathan is a social entrepreneur. his daughter lindsay, my favorite -- he cannot say that -- works at usda. she did an extraordinary job o
CNBC
Feb 22, 2013 9:00am EST
economy will see back-to-back years of contraction for the first time. of course, now the focus turns to the weekend's italian elections. overnight in asia. shanghai is closing out its worst weekly loss in two years. nikkei managing to close higher. road map this morning starts with the markets. we' results from aig and upgrade for home depot helping stocks today, and hewlett-packard. >> hp is popping pre-market on the back of the earnings. sigh of relief for the investors as the company showed some progress with its turn-around. david will have the exclusive with meg whitman in just a few minutes. >> more signs of consumer trouble. nordstrom gives a weak outlook. darden revising lower its outlook for the year. >>> we start off with the markets. pointing to a big rally today as the market recovers from fears that the fed will halt its easing process sooner than expected. this after stocks post their biggest two-day drop of the year, closing at two and a half-week lows in the heaviest vim trading day in 2013. >> i feel that there were some calls yesterday on dennis garvin saying 100% c
PBS
Feb 21, 2013 4:30pm PST
.s. economy is not adding jobs, the claims for uninsurance benefits up pas past-- combined with continued worries about economic growth lead the major stroke averages lower within the s&p 500 off by 9.5. >> susie: stocks weren't the only investments falling today. many commodities also ended lower, on top of steep declines yesterday. u.s. oil futures fell to there lowest point this year, closing at $92.84 a barrel. so what's at the root of the commodities sell-off, a will it continue? erika miller reports. >> reporter: selling was heavy in crude oil today, as it was in most commodities. but crude also fell on new inventory data showing a big jump in oil supplies. >> today we had an inventory number which came out, which we were expecting a build of around two million barrels. we got a build of around four million barrels. >> reporter: across the room, gold futures were little changed. although industrial metals like platinum and palladium got slammed. grain prices also plunged, with wheat hitting an eight-month low today. the thomson reuters-jefferies c.r.b. index, a global commodities be
CNN
Feb 21, 2013 8:00pm PST
with. >> he's not alone. >> our economy is adding jobs but too many people still can't find full-time employment. >> when president obama took office, 134 million americans were working in nonfarm jobs. today, after massive losses and a slow recovery, we're only 1.2 million jobs better off. and many pay less than those that were lost. recent study by the center for college affordability found almost half of college graduates are now in jobs that do not require four-year degrees. things like janitorial services, taxi driving and retail sales. professor richard vetter at ohio university helped author that study. >> let's say each one of them were making $20,000 a year more in income, which is quite plausible. we are talking about $400 billion a year in lost wages. >>> numbers like that made some economic analysts argue that underemployment may be every bit as damaging to the economy as unemployment. and kellock irvin is caught in the middle of it all. for now he takes freelance jobs as a photographer and part-time work with moving companies. but -- >> that can only support me so lo
MSNBC
Feb 21, 2013 4:00pm PST
that says great. let's have sequestration. let's cut $85 billion out of the economy. let's remove hope from the country. i doubt that you read that it said take hope out of the country and ruin the economy. but i get your point. what i find interesting in your argument, chris, is that you seem to overlook the fact that you have just as many democrats out there screaming the same thing on the left. starti ining howard deem. also, the whole idea of sequestration emanated -- >> what office does howard dean own? >> i'm just saying. you're pointing and say ing say >> it pushes both of these folks -- >> i'm sosh ri. i just want to check your facts. what democrats holding office in the congress want to see sequestration. >> the ones who voted for it. starting with them. you mean this whole thing got passed just on republican votes? >> it was called kicking the can -- >> are you kidding? >> i'm going to ask you again, do you believe right now there are any democrats in the house or senate who want to see sequestration? >> yes. >> name one. >> there have been folks on the record, chris. i can't name
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